Can I retire at age 66 with 813,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$67,137$66,539$65,955$65,386$64,830$62,381
2 years$33,236$32,617$32,017$31,435$30,871$28,432
3 years$21,937$21,316$20,717$20,141$19,586$17,234
4 years$16,289$15,669$15,077$14,510$13,969$11,722
5 years$12,901$12,285$11,700$11,145$10,619$8,482
6 years$10,643$10,032$9,456$8,913$8,402$6,378
7 years$9,031$8,424$7,858$7,328$6,833$4,920
8 years$7,822$7,221$6,664$6,147$5,669$3,865
9 years$6,883$6,287$5,740$5,236$4,774$3,078
10 years$6,131$5,542$5,004$4,514$4,068$2,475
11 years$5,517$4,934$4,405$3,928$3,498$2,006
12 years$5,006$4,428$3,910$3,446$3,032$1,636
13 years$4,573$4,002$3,493$3,042$2,644$1,341
14 years$4,203$3,638$3,138$2,700$2,317$1,103
15 years$3,882$3,323$2,834$2,408$2,040$911
16 years$3,602$3,049$2,569$2,156$1,803$753
17 years$3,355$2,808$2,338$1,937$1,599$625
18 years$3,135$2,595$2,134$1,746$1,422$519
19 years$2,939$2,405$1,954$1,578$1,267$432
20 years$2,763$2,234$1,793$1,429$1,132$359
21 years$2,604$2,081$1,649$1,297$1,013$299
22 years$2,459$1,943$1,520$1,179$908$250
23 years$2,328$1,817$1,403$1,074$815$209
24 years$2,207$1,703$1,298$979$733$174
25 years$2,096$1,598$1,202$894$659$146
26 years$1,994$1,502$1,115$818$594$122
27 years$1,900$1,413$1,035$749$535$102
28 years$1,812$1,332$962$686$483$85
29 years$1,731$1,256$896$629$436$71
30 years$1,655$1,186$834$577$394$60
31 years$1,584$1,122$778$530$356$50
32 years$1,518$1,061$726$487$322$42
33 years$1,456$1,005$678$448$292$35
34 years$1,398$952$633$412$264$29
35 years$1,343$903$592$379$239$24
36 years$1,291$857$554$349$217$20
37 years$1,242$814$518$322$196$17
38 years$1,196$774$485$297$178$14
39 years$1,153$736$455$274$161$12
40 years$1,111$700$426$252$146$10
41 years$1,072$667$400$233$133$8
42 years$1,035$635$375$215$121$7
43 years$1,000$605$352$198$109$6
44 years$966$577$330$183$99$5
45 years$934$550$310$169$90$4
46 years$903$524$291$156$82$3
47 years$874$500$274$144$74$3
48 years$846$478$257$133$68$2
49 years$819$456$242$123$61$2
50 years$794$436$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $813,000, adding $2,316 every year, while hoping to spend $37,168 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 68/12/20 Blend
65$813,000$813,000$813,000$813,000
66$898,315$855,226$842,624$954,792
67$950,397$857,586$831,306$995,213
68$1,006,545$858,815$818,362$1,034,870
69$1,067,135$858,820$803,700$1,077,349
70$1,132,581$857,499$787,222$1,122,928
71$1,203,334$854,747$768,824$1,171,910
72$1,279,894$850,450$748,400$1,224,634
73$1,362,809$844,487$725,836$1,281,472
74$1,452,680$836,732$701,017$1,342,834
75$1,550,170$827,049$673,818$1,409,176
76$1,656,008$815,295$644,111$1,480,997
77$1,770,995$801,318$611,763$1,558,853
78$1,896,012$784,958$576,632$1,643,354
79$2,032,028$766,044$538,572$1,735,174
80$2,180,110$744,395$497,430$1,835,060
81$2,341,433$719,822$453,045$1,943,834
82$2,517,287$692,121$405,250$2,062,404
83$2,709,095$661,080$353,871$2,191,772
84$2,918,421$626,471$298,724$2,333,045
85$3,146,988$588,056$239,619$2,487,444
86$3,396,692$545,582$176,357$2,656,317
87$3,669,619$498,781$108,731$2,841,153
88$3,968,070$447,370$36,522$3,043,592
89$4,294,572$391,051$0$3,265,447
90$4,651,914$329,508$0$3,517,368
91$5,043,162$262,406$0$3,801,790
92$5,471,695$189,395$0$4,113,397
93$5,941,234$110,101$0$4,454,932
94$6,455,875$24,131$0$4,829,414
95$7,020,132$0$0$5,240,172
96$7,638,974$0$0$5,699,977
97$8,317,877$0$0$6,207,952
98$9,062,868$0$0$6,765,427
99$9,880,591$0$0$7,377,379
100$10,778,361$0$0$8,049,289